During mid 1997, when South East Asia was facing a currency crisis, Malaysia was no different. But unlike other countries that were dependent on IMF for support to come out of the crisis, Malaysia brought itself out of the loop through major reforms in its own economy. And banking consolidation was a major one. Having faced deep crisis during the 1980s because of bank inefficiencies, Malaysia brought in restructuring of the banking sector. And that helped the country emerge as one of the healthier ‘Tiger’ economies of the region.
For complete IIPM article click here
Source:- IIPM Editorial, 2006
For complete IIPM article click here
Source:- IIPM Editorial, 2006
